The NYT reports (not paywalled) that Trump is, quietly as possible, handing out tax cuts worth hundreds of billions of dollars to some of the most profitable companies and wealthiest investors. When he was in office, the Dems passed a tax law that Biden signed in 2022. That law provided for a minimum tax of 15% on profits that large, highly profitable corporations make. This gift to the rich and powerful comes on top of the trillions of dollars in tax cuts for the rich and powerful that were included in the Trump-GOP budget law that passed this last summer. MAGA!!
For context, the Fortune 500 companies made $1.87 trillion in profits in 2024 and $1.7 trillion in 2023. Companies don't even want to pay that puny sum. They're greedy and callous. Corporations are there to make profit, not to make the world a better place or to save our democracy from tyranny or our environment from collapse.*
* Or sea level from rising 15 feet
Meanwhile, the official federal debt approaches $40 trillion and existing unfunded obligations (debt) as measured today** approaches Dog only knows what. Maybe $80 trillion in 25 years? Social Security and Medicare alone face approximately $73 trillion in unfunded obligations over the next 75 years.
** Or stated as unfunded obligations as assessed in year 2050
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